... lags behind China in the adoption of electric vehicles. For instance, in China, electric and plug-in hybrid vehicles accounted for 38% of new passenger cars in 2023, compared to just 2% in India. "Another factor will be the commissioning of new refineries, which will address the deficit in refining capacity and create additional demand for oil. According to the Energy Institute, in 2023, India's oil refining volumes exceeded the design capacity of its refineries by 3%. The IEA forecasts that ...

... Diesel fuel prices remain stable despite seasonal pressures on winter grades. Earlier, Vice Prime Minister Alexander Novak mentioned the potential removal of the AI-92 gasoline export ban, provided there is confirmation of ample supply at domestic refineries. The export ban, implemented in March, primarily aimed to preempt fuel price increases for gasoline and diesel. Most gasoline in Russia is allocated for domestic use, with only about 15% exported, while around half of diesel is sent abroad....

... peaked (Grade AI-95 exceeded 75,000 rubles/ton), putting additional pressure on independent gas stations and consumers. Causes include a combination of seasonal factors—high summer demand from farmers and tourists—and supply constraints. Several refineries ( refineries ) halted operations for scheduled repairs in June and July, reducing gasoline and diesel production. Additionally, some major players, as determined by the Federal Anti-Monopoly Service (FAS), significantly reduced fuel sales on ...

... producers for the difference between export and domestic prices, subsidies in the aviation sector are directed directly to airlines, leaving producers unmotivated to keep prices in check. Additionally, restrictions on the supply of foreign equipment for oil refineries may have contributed to the price increase, as these delays hinder the restoration of secondary processing units. MOSCOW, August 22 - PRIME. The sharp increase in the exchange price of aviation fuel in Russia may be due to the lack of incentives ...

... of the transaction by participants in the oil market and lack of the possibility to monitor prices in the market The oil market is not transparent, as it has a significant number of participants, and the initial prices of products provided from oil refineries are not always available for various reasons. This means that there is no possibility of automatic calculation of the profitability of the transaction. The share of fuel costs for some strategically important industries exceeds 50%; therefore,...